DUET Acquisition Corp.
Cash in trust
$14.1M
$14,100,000
Trust per share
$11.25
Redemption value
IPO
Jan 2022
$84.7M raised
Combination deadline
Apr 19, 2023
Deadline passed
Filings on record
106
Latest May 15, 2025
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Jul 29, 2022
Overview
DUET Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001890671. It completed its initial public offering in Jan 2022, raising $84.7M in gross proceeds. The vehicle is sponsored by DUET through DUET Partners LLC. The mandate targets technology. Definitive business-combination agreement signed, closing pending.
“we intend to focus our search on industries that complement our management team's background and to capitalize on the ability of our management team to identify and acquire a business focusing on sectors where our management team has extensive experience.”
Reading the filings
Arithmetic on what DUET Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $11.25 per public share, 12.5% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Time on the clock
The stated combination deadline of Apr 19, 2023 has passed without a closing in our filing record. Either an extension was approved that we have not yet indexed, or the vehicle is in wind-down. Check the latest proxy statement.
Sponsor promote
The sponsor's founder block is 281,250 shares against 1,283,336 public shares, or 18.0% of the combined count, acquired before the IPO at nominal cost. That promote is the structural dilution every public shareholder carries into a combination, and it is why the economics of a de-SPAC differ so sharply from a conventional IPO.
Warrant coverage
Each unit carried one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Underwriting
Tiger Brokers (NZ) led the offering. It has been named on 8 SPAC IPOs, and 0% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Scores
Recomputed 4m agoThree readings of DUET Acquisition Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
ModerateHow much does the structure protect a holder right now?
48/100
- Trust accretion94
$11.25 per share
- Runway2
-1234 days
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
LowHow much attention is this vehicle attracting right now?
5/100
- Filing activity0
0 in 30 days
- News coverage0
0 stories in 30 days
- Deal freshness16
announced 1498 days ago
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ModerateHow likely is this vehicle to complete a combination, and at what scale?
45/100
- Trust scale5
$14M
- Stage85
definitive agreement signed
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000905148-25-001778
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-25-002139
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001072613-25-000281
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000312069-25-000298
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-25-001007
- 25
25 filing
Accession 0001493152-25-005107
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001493152-24-047051
- NT 10-Q
Late quarterly report notification
Accession 0001493152-24-046440
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000312069-24-000196
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-24-005006
- SC 13G
KARPUS INVESTMENT MGT / DUET ACQUISITION CORP. - SCHEDULE 13G
Accession 0001072613-24-000838
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001493152-24-042382
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-038397
- 10-Q
Quarterly report
Accession 0001493152-24-035069
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-033880
- NT 10-Q
Late quarterly report notification
Accession 0001493152-24-032510
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001493152-24-030437
- 10-Q/A
10-Q/A filing
Accession 0001493152-24-022585
- 10-Q
Quarterly report
Accession 0001493152-24-021149
- NT 10-Q
Late quarterly report notification
Accession 0001493152-24-018964
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001493152-24-018676
- SC 13G/A
SC 13G/A
Accession 0001140361-24-025460
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-018249
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-016648
- 10-K
Annual report
Accession 0001493152-24-012289
- 425
Business-combination communication
Accession 0001493152-24-010917
- 8-K/A
Other events
Item 8.01 · Accession 0001493152-24-010915
- 8-K
Other events
Item 8.01 · Accession 0001493152-24-007780
- SC 13G
Beneficial ownership report (passive)
Accession 0000312069-24-000005
- SC 13G/A
SC 13G/A
Accession 0001104659-24-023420
DUET Acquisition Corp.: questions answered
What is DUET Acquisition Corp.?
DUET Acquisition Corp. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001890671. It completed its initial public offering in Jan 2022, raising $84.7M in gross proceeds. The vehicle is sponsored by DUET through DUET Partners LLC. The mandate targets technology. Definitive business-combination agreement signed, closing pending.
How much does DUET Acquisition Corp. hold in trust?
Approximately $14,100,000, or about $11.25 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must DUET Acquisition Corp. complete a merger?
By Apr 19, 2023. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if DUET Acquisition Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in DUET Acquisition Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $11.25 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for DUET Acquisition Corp.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do DUET Acquisition Corp.'s founder shares and warrants create?
The founder block is 281,250 shares against 1,283,336 public shares, so roughly 18.0% of the combined count sits with the sponsor at nominal cost. Each unit also carried one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors DUET Acquisition Corp., and what is their track record?
DUET Partners LLC is the sponsor entity, part of the DUET franchise. This is the only vehicle we have attributed to that sponsor.
Which banks underwrote the DUET Acquisition Corp. IPO?
Tiger Brokers (NZ), US Tiger Securities, EF Hutton, Joseph Gunnar &. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is DUET Acquisition Corp. a good investment?
That is not a question this site answers. DUET Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this DUET Acquisition Corp. data come from?
Filings DUET Acquisition Corp. submitted to the SEC under CIK 0001890671: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
DUET: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Tiger Brokers (NZ) in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs with an announced deal
Definitive business-combination agreement signed, closing pending.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.